Renovated 3-Unit Multifamily
3912 N Ashland Ave Chicago, IL 60613
For Sale
Contact for pricing
Renovated 3-unit multifamily building featuring one- and two-bedroom layouts with individual mechanicals and on-site parking.
Property Size3,724 SF
Price / SF$349.09
Days on Market151
Property Features for 3912 N Ashland Ave
General Information
- Standard status
- Active
- Size
- 3,724 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1915
Listing Agency:
Kiser Group
Listed By:
Viktor Radzieta · License #IL
Source:
Crexi
Added: Feb 23
Changed: Jul 23
Last Checked: Jul 23 at 5:38PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kiser Group
Investment Insights
Based on property information with market context.
This renovated 3-unit multifamily property offers a total of 3,724 SF and a mix of spacious one- and two-bedroom units. Each unit is supported by individual mechanicals, helping maintain operational independence. On-site parking is provided for tenant convenience.
The property is located at 3912 N Ashland Ave in Chicago, IL 60613. As a low-rise, garden-style multifamily asset, it presents a straightforward, turnkey option for buyers looking for a 3-unit structure with recent renovations.
The building’s current configuration is centered on comfortable residential income units with updated condition and practical unit-level mechanicals.
The property is located at 3912 N Ashland Ave in Chicago, IL 60613. As a low-rise, garden-style multifamily asset, it presents a straightforward, turnkey option for buyers looking for a 3-unit structure with recent renovations.
The building’s current configuration is centered on comfortable residential income units with updated condition and practical unit-level mechanicals.
Key Highlights
- Renovated 3‑unit multifamily building with 3,724 SF total building area
- Mix of one- and two‑bedroom units in the Lakeview area
- Each unit has individual mechanicals
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $93.8k | $25.20 |
| − Vacancy | −$5.2k | −$1.39 |
| EGI | $88.7k | $23.81 |
| − OpEx | −$26.6k | −$7.14 |
| NOI | $62.1k | $16.67 |
3,724 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$886.8K
$776.0K – $1.03M
NOI $62,078 @ 7.0% cap · market cap 4.78%
Second Best
Apartment 5plus
$815.5K
$713.6K – $951.4K
NOI $57,086 @ 7.0% cap · market cap 4.39%
Theoretical Best
Office A
$1.76M
$1.54M – $2.05M
NOI $122,910 @ 7.0% cap · market cap 9.45%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Chi Renovation and Design
Interior Design
FAQs
What type of property is this?
Triplex - Renovated 3-unit multifamily building featuring one- and two-bedroom layouts with individual mechanicals and on-site parking.
Where is this triplex located?
The property is located at 3912 N Ashland Ave Chicago, IL.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Renovated 3‑unit multifamily building with 3,724 SF total building area; Mix of one- and two‑bedroom units in the Lakeview area; Each unit has individual mechanicals
